$SOL - wait before buying
Just some basic observations folks!
If
SOL falls below the $55-58 area support, we could see it fall sharply to $40-43.
Solana 4h chart sees:
- Decreasing volume & RSI
- strong support at $40 to $43, with the 200MA
If Stoch RSI crosses below 50 level, AND the price falls below local support it could send us to the next strong support at the 200MA $40-$43 range
My plan:
- Observe if it drops below $55
- if it continues without retest past $51, then first buy target reached below $43.
- Keep observing
BTC and other alts / general market.
This is just one of the coins I'm convinced I need more of before next year's possible bullish rally - I didn't get a good entry beforehand. I won't be using leverage and will therefore have less risk if it continues to fall. I'll simply buy more as it goes lower.
If
SOL falls below the $55-58 area support, we could see it fall sharply to $40-43.Solana 4h chart sees:
- Decreasing volume & RSI
- strong support at $40 to $43, with the 200MA
If Stoch RSI crosses below 50 level, AND the price falls below local support it could send us to the next strong support at the 200MA $40-$43 range
My plan:
- Observe if it drops below $55
- if it continues without retest past $51, then first buy target reached below $43.
- Keep observing
BTC and other alts / general market.This is just one of the coins I'm convinced I need more of before next year's possible bullish rally - I didn't get a good entry beforehand. I won't be using leverage and will therefore have less risk if it continues to fall. I'll simply buy more as it goes lower.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.